TSE INDICES (May 25, 1992)
May 19 May 18 May 15 May 14 May 13 High Low Composite”300″3385.28 N/A 3391.43 3388.31 3404.23 4009.47 3009.91 Metals&Minerals 3054.54 N/A 3063.73 3078.92 3103.71 3453.06 2502.63 Integrated Mines3256.3…
News
Spot prices at a glance (May 25, 1992)
Week’s Price (US) Change Gold* $337.45 + $2.70 Silver* $ 4.08 0.00 Platinum* $359.75 + $6.95 Nickel** $ 3.31 0.00 Lead** $ 0.23 – $0.01 Copper $ 1.01 + $0.01 Zinc $ 0.63 + $0.02 Courtesy of Scotiabank…
METAL PRICES (May 25, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 19 May 18 May 15 May 14 May 13 Copper 1209-1210 1208-1209 1223-1224 1214-1216 12…
Drilling continues at Bellas Gate (May 25, 1992)
The share price of Golden Ring Resources (VSE) came under downward pressure after the company released results from recent drilling on the Camel Hill deposit at the Bellas Gate copper-gold property in…
Vietnam attracts Canadian miners (May 25, 1992)
A Canadian mining delegation will be heading off to northern Vietnam this fall to investigate investment opportunities and learn more about the country’s mineral potential, mining industry and new min…
Sudbury wins environment award (May 25, 1992)
The municipality of Sudbury, Ont., is recognized for its efforts in reversing some of the environmental damage caused by more than a century of nickel mining, logging and natural erosion. Along with 2…
Canmine’s challenge for Westray fund (May 25, 1992)
Mining and exploration companies are being challenged by Canmine Resources to match a $100 donation by the junior to the Westray Mine Disaster Fund. “Profits and incomes derived from the business of m…
Latest results confirm chance of boosting Izok Lake tonnage (May 25, 1992)
Recent drilling at Izok Lake, 130 km north of Yellowknife, N.W.T., makes the copper-zinc deposit “on the borderline” of being economically viable, says Minnova (TSE) President David Watkins. About 8,0…
NEWS IN BRIEF (May 25, 1992)
Beretta Resource Corp. (BTR:VSE) has changed its name to Optimark Data Systems Inc. with a consolidation of capital on a 1-new-for-1-old-share basis. The transfer agent is Montreal Trust.
Cheni negotiates debt conversion (May 25, 1992)
To clean up its balance sheet, Cheni Gold Mines (TSE) recently reached an agreement with its major creditors for a conversion of most of its outstanding debt to equity. The company’s parent, Cheni S.A…
Northern Crown looks to Mexico (May 25, 1992)
Gold and copper oxide targets are being actively sought by Northern Crown Mines (VSE) in Mexico, which the company believes is largely unexplored by modern techniques. At its Anita property in souther…
Placer’s high-cost mines at risk
Placer Dome’s (TSE) “gross strategy” in the months ahead will be to undercut worldwide average production costs of US$265 at all of its mines while maintaining gold production, President Tony Petrina …